Time Warner Cable CFO Unloads $3,721,902 in Stock (TWC)
Time Warner Cable (NYSE:TWC) CFO Arthur T. Minson sold 25,065 shares of Time Warner Cable stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $148.49, for a total value of $3,721,901.85. Following the completion of the transaction, the chief financial officer now directly owns 5 shares of the company’s stock, valued at approximately $742. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Time Warner Cable (NYSE:TWC) traded down 0.34% on Tuesday, hitting $147.92. The stock had a trading volume of 1,054,770 shares. Time Warner Cable has a 1-year low of $106.01 and a 1-year high of $154.12. The stock has a 50-day moving average of $147.8 and a 200-day moving average of $141.6. The company has a market cap of $41.342 billion and a price-to-earnings ratio of 20.63.
Time Warner Cable (NYSE:TWC) last announced its earnings results on Thursday, July 31st. The company reported $1.89 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.97 by $0.08. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the company posted $1.69 earnings per share. Time Warner Cable’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Time Warner Cable will post $7.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, August 27th.
TWC has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Time Warner Cable in a research note on Friday, August 1st. They now have a $178.00 price target on the stock, up previously from $150.00. Separately, analysts at Telsey Advisory Group reiterated a “” rating on shares of Time Warner Cable in a research note on Thursday, July 31st. They now have a $158.00 price target on the stock. Finally, analysts at Wunderlich upgraded shares of Time Warner Cable from a “hold” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $190.00 price target on the stock, up previously from $146.00. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $155.06.
Time Warner Cable Inc (NYSE:TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas.
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